Anchors Away Program
EIN: 571123753 · Charleston, SC · NTEE: P82
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $9K |
| Net Assets | $8K |
Is Anchors Away Program Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Anchors Away Program
Anchors Away Program (EIN: 571123753) is a nonprofit organization based in Charleston, SC, classified under NTEE code P82. The organization reported total revenue of $5K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Anchors Away Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Anchors Away Program is a micro nonprofit that has been operating for 14 years, with 7 years of IRS 990 filings on record (2015–2021). Revenue has grown at a compound annual rate of -13.6%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $9K |
| Surplus / Deficit | $-3,706 |
| Total Assets | $8K |
| Net Assets | $8K |
| Operating Margin | -68.2% |
| Months of Reserves | 10.8 months |
Financial Health Grade: B
In 2021, Anchors Away Program reported a deficit of $4K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2015–2021), Anchors Away Program's revenue has declined at a compound annual growth rate (CAGR) of -13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -27.7% | +102.4% | -31.1% |
| 2020 | +24.6% | -16.8% | +38.4% |
| 2019 | +0.0% | -11.1% | +14.7% |
| 2018 | +0.4% | -16.2% | +39.5% |
| 2017 | -32.8% | -11.5% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Anchors Away Program has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Anchors Away Program with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Frequently Asked Questions about Anchors Away Program
Is Anchors Away Program a legitimate charity?
Anchors Away Program (EIN: 571123753) is a registered tax-exempt nonprofit based in South Carolina. It has 7 years of IRS 990 filings on record. Total revenue: $5K. No red flags identified. Financial health grade: B.
How does Anchors Away Program spend its money?
Anchors Away Program reported $5K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Anchors Away Program tax-deductible?
Anchors Away Program is registered as a tax-exempt nonprofit (EIN: 571123753). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Anchors Away Program located?
Anchors Away Program is headquartered in Charleston, South Carolina and files with the IRS under EIN 571123753. It is classified under NTEE code P82.
How many years of IRS 990 filings does Anchors Away Program have?
Anchors Away Program has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5K in total revenue.
Filing History
IRS 990 filing history for Anchors Away Program showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2021), Anchors Away Program's revenue has declined by 58.3%, moving from $13K to $5K. Total assets increased by 83.9% over the same period, from $4K to $8K. Total functional expenses fell by 31%, from $13K to $9K. In its most recent filing year (2021), Anchors Away Program reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $5K | $9K | $8K | $0 | — | View 990 |
| 2020 | $8K | $5K | $12K | $0 | — | — |
| 2019 | $6K | $5K | $9K | $0 | — | View 990 |
| 2018 | $6K | $6K | $7K | $0 | — | View 990 |
| 2017 | $6K | $7K | $5K | $0 | — | — |
| 2016 | $9K | $8K | $5K | $0 | — | — |
| 2015 | $13K | $13K | $4K | $0 | — | — |
Year-by-Year Financial Summary
- 2021: Revenue of $5K, expenses of $9K, and assets of $8K (revenue -27.7% year-over-year).
- 2020: Revenue of $8K, expenses of $5K, and assets of $12K (revenue +24.6% year-over-year).
- 2019: Revenue of $6K, expenses of $5K, and assets of $9K (revenue +0.0% year-over-year).
- 2018: Revenue of $6K, expenses of $6K, and assets of $7K (revenue +0.4% year-over-year).
- 2017: Revenue of $6K, expenses of $7K, and assets of $5K (revenue -32.8% year-over-year).
- 2016: Revenue of $9K, expenses of $8K, and assets of $5K (revenue -31.3% year-over-year).
- 2015: Revenue of $13K, expenses of $13K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Anchors Away Program:
Data Sources and Methodology
This transparency report for Anchors Away Program is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.